04-04-2015, 11:05 PM
Numerous good articles out about US oil stockpiles and oil production numbers. Below is a link to an article that came out today, summarizing some of what I have been reading. A couple of articles that I have read in the last few months stated that US oil stockpiles are not close to reaching capactiy and even with 2014 US production numbers, the US will not reach max storage capacity for 4 years. The drop in oil storage in the US is related to seasonal switching over the refineries to gas production.
I just thought I would include this as there has been some discussion on these subjects.
http://finance.yahoo.com/news/oil-reboun...09922.html
Good luck longs.